Retirement plan

CFA EMPLOYEES 401(K) PLAN

Name: CALIFORNIA FACULTY ASSOCIATION - CFA EMPLOYEES 401(K) PLAN (2023) Form 5500
Creator: CALIFORNIA FACULTY ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CFA EMPLOYEES 401(K) PLAN, CALIFORNIA FACULTY ASSOCIATION

CALIFORNIA FACULTY ASSOCIATIONEIN 23-7418998Plan #003PY 2023

1110 K. STREET - SACRAMENTO, CA 95814916-441-4848calfac.orgLinkedIn51-200 employeeshigher education

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed May 23, 2019

Plan administrator

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1110 K Street

Sacramento State: CA Zip Code: 95814

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Plans declared (1)

CFA 457(B) Plan9 emp

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Total assets (EOY)

$2.5M

+47.9% from 2022

Total participants

-12.7% from 2022

Average account balance

$55,219

+19.0% from 2022

Annual return

28.46%

+45.65 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.43M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$72K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

85.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$922K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.05%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$7197

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

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Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$109K

$1941 / participant

Other / not subdivided$109K100.0%

% of EOY assets

4.279%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,219

$57,305-3.6%

$86,640-36.3%

$75,173-26.5%

Participation rate

71.4%

63.2%+8.2pp

71.7%-0.3pp

67.2%+4.2pp

Annual return

28.46%

2674.24%-2645.8pp

592.52%-564.1pp

160.72%-132.3pp

Employer contribution / active EE

$2,316-100.0%

$3,024-100.0%

$2,671-100.0%

Participant deferral / active EE

$7,838

$3,320+136.1%

$4,438+76.6%

$4,126+90.0%

Admin fee / account holder

$2,363

$4,116-42.6%

$5,616-57.9%

$5,651-58.2%

CFA EMPLOYEES 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CFA EMPLOYEES 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion